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Bombs In Jordan Reverse Rally

Bombs in Jordan reverse a rally attempt. Pull back in oil prices relieving constraints on growth. How do we interpret today? We don’t. We wait for a day that isn’t interrupted. Click here to get today’s free options advice; have A.J. explain option trading to you in everyday language.

Hey trading team,

This is A.J. on Wednesday, November 9th with your Trading Trainer web log. We are your home of market insights for the serious options trader. This web log will cover the events in the market from today as well as prepare you for watching the market tomorrow.

Team, they’re saying there was a rally today and if it weren’t for the bombings in Jordan it would have really been an up day. What do you think?

We see that volume went up in the Dow chart. And, we see that volume was flat in the NASDAQ chart. The question is… was it individual investors or was it institutional traders? Team, who reacts more to current events news? Yes, individuals.

So, while we are hear trying to get a barometer reading on the broad market, something like this happens and again clouds the message.

Is the pull back in crude oil price contributing to the bulls? We just won’t know from today. We need to keep watching. The bias is neutral another day.

My Techne January 55 Calls closed up with a bid price of $2.15 per option. I’m drawn down by 64% into my initial investment after 36 days. My Southwestern Energy December 70 Calls closed down with a bid price of $4.80 per option. I’m drawn down by 39% into my initial investment after 7 days.

Here is my recommendations team. Today was a dud with the current events distracting the market. I therefore am still in a holding pattern till some sort of direction is taken. I’m not opening any new positions.

Okay, team. I’m done.

Till tomorrow, happy market watching, trading and money making. Trading Trainer is here helping you create your dream lifestyle.

Best regards always,
A.J.

Click on the below play button to hear the blog as an audio from A.J. himself!

Do you want to learn option trading? Full time options trader, A.J. Brown, reveals option trading secrets in his daily audio / video newsletter that are guaranteed to make you massive profits in less than 30 minutes a day. Visit TradingTrainer.com now.

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